Stock Market & Financial Investment News

Pension funds say JPMorgan misrepresented role of unit, NY Post reportsPension funds are alleging in a lawsuit that JPMorgan's (JPM) chief investment office became a proprietary trading unit that triggered more than $6.2B in losses, The New York Post reported last night. JPMorgan had said the office's main role was managing risk, the newspaper quoted the plaintiffs as saying. Reference Link